RSM Australia

Tax insights

Tax Insights

The 2019-20 Federal Budget was brought forward from May to 2 April with the unabashed motive of improving the Coalition’s election prospects in May 2019.  Roy Morgan’s February 2019 poll puts the ALP at 52.5% and the Coalition at 47.5% of the two party preferred vote.

The question remains - has the 2019-20 Budget done enough to turn around the Government's sentiment in the electorate and bridge the gap held by the Opposition?

View Federal Budget Coverage >>

SimBT Tax Losses - Similar but not Simpler

10 July 2019
Similar business test
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Tax time for individuals

2 July 2019
Tracey Dunn
With tax time fast approaching, no doubt there are many individual taxpayers eagerly counting down the days until they can lodge their 2019 Income Tax Return and hopefully receive a much-anticipated tax refund.
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Instant asset write-off – what can you claim?

17 June 2019
Tracey Dunn
The instant asset write-off is not available for all business assets and determining which assets are eligible may pose a challenge for many small and medium-sized business owners (SME) and their advisers.
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What’s on the tax agenda post-election?

5 June 2019
Kevin Wong, Tony Fulton
The recent Federal Election saw the Coalition led by Scott Morrison returned to government.  While this means that Labor’s controversial tax policies have been put on ice, it’s time to revisit the government’s tax agenda and what this means for you. 
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What to consider when tax planning for EOFY

4 June 2019
With the end of the financial year looming, it’s time to think about your tax planning options before 30 June hits. We’ve curated a list of top things to focus on when organising your tax affairs for year-end, applicable to businesses, primary producers, trusts and individuals.
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2019-20 Victorian State budget tax analysis

29 May 2019
Picking up the pieces after an uncertain 18 months After a somewhat surprising Liberal victory at the Federal Election, the state government has released its 2019-20 Victorian State Budget in the shadows of slumping stamp duty revenue and a forecasted reduction in federal financing. 
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Will Labor overcomplicate our already complicated tax environment?

7 May 2019
Overwhelmed by the tax rhetoric delivered by the Australian Labor Party (ALP)? You are in the right place. The following commentary breaks down the ALP’s tax implementations and how they impact individuals.  
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Australia's hybrid mismatch regime

7 May 2019
David Rumble, Liam Delahunty
In response to recommendations by the Organisation for Economic Co-operation and Development (‘OECD’) in Action 2 of it's Base Erosion and Profit Shifting (‘BEPS’) initiative in 2015, Australia has now enacted a new hybrid mismatch regime that generally applies to income years commencing on or after 1 January 2019.
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2019 Federal Election - Comparison of policies

6 May 2019
Tracey Dunn
Ahead of the federal election on 18 May, we compare the policies impacting small business owners, as announced by the two major parties.
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How does being a Significant Global Entity (SGE) affect my Australian tax obligations?

18 April 2019
Danette Cheung
The introduction of the concept of a significant global entity (SGE) was to increase the transparency of multinationals and was in line with the OECD’s Base Erosion and Profit Shifting (BEPS) initiatives.
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